If you compare the increase in value of investment property in Greenvale, 3059 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 8.17%.
The five-year average increase in median property values for Greenvale,3059 has given property investors a potential capital gain of 6.13% across each of those five years.
The most recent median price for Greenvale is $562500, with sellers offering an average of -8.12% off the asking price.
Residents and property investors in Greenvale have been waiting around 71.9 days to sell a property.
Using the current median advertised rental of $430.5 and the average annual increase in value of a median property of 3.47%, investors should hope to achieve an overall return of 3.98%